Tuesday, February 7, 2012

AvidXchange, a Charlotte-based software company, is looking to add 85 jobs here over the next 18 months.

The privately held company has about 125 employees in Charlotte now and 25 more spread across the country, including an office in Somerset, N.J., a suburb of New York City.

Founded in 2000, AvidXchange automates the bill-payment functions for companies. CEO and co-founder Mike Praeger said today that business has been booming since 2008. Sales are in the $15 million to $20 million range, he said, and increased 52 percent last year.

Asked about the local job market, Praeger said that it's "very difficult to find the people we need" and that the company "routinely" relocates people to Charlotte from other parts of the country. "We wish we didn't have to do that because it's obviously more expensive to relocate."

He said AvidXchange competes against the banks, Duke Energy and other high-profile companies for the "top talent."

The company is adding jobs in three main areas: software development and product management; support staff for those positions; and technical sales and marketing. The salary range for the software development positions is $70,000 to $120,000, Praeger said.

AvidXchange occupies two floors in the Metropolitan building in Midtown.

Steve Byers

Steve Byers

About this blog

Steve Byers grew up in the Charlotte area, went to college here (Go Wildcats!), and now he's back after a 17-year absence. He notes that while some things have changed -- uptown really is Alive After Five now -- one thing remains constant: Charlotte is still a business town.

You'll see Steve around town asking his trademark question: How's business? Tell him here.